Summary
PASADENA - A group of investors has agreed to buy Pasadena-based IndyMac Federal Bank for $13.9 billion, federal officials announced Friday.
The Federal Deposit Insurance Corp. said it has signed a letter of intent to sell all of the troubled lender's banking operations to a thrift holding company controlled by IMB Management Holdings LP.See the full content of this document
Extract
Group of Investors to Buy Indymac for $13.9b
The IMB limited partnership is led by Steven Mnuchin, co-chief executive of private equity firm Dune Capital Management. The deal is expected to close by early next month.
"We have assembled a group of experienced private investors in financial service...See the full content of this document
Sponsored links
